Optimal decision

This week’s readings on family decision-making and financial literacy offered insight into the struggles low-income households face each month to survive, much less invest or save. In particular, the volatile and unpredictable nature of working hours, predicted income, and unforeseen expenditures affect low-income individuals’ ability to draw on resources and grow assets over the course of a lifetime. By necessity, low-income and asset poor individuals are unable to accumulate wealth to build assets and focus on long-term sustainability due to their focus on current financial instability. Most lack the access to and knowledge of appropriate financial tools and tend to rely on informal borrowing tools and social networks for assistance. To illustrate, consider the…

Decision making refers to mental processing which leads to the selection of one choice, among several alternatives (Beach, 1993). Currently there is no consensus as to whether decision making occurs unconsciously or consciously. Dijksterhuis (2004) define conscious thought to be a mental state which surrounds awareness; while unconscious thought, a reasoning which occurs while conscious attention is allocated elsewhere (Dijksterhuis & Nordgren, 2006). The deliberation-without-attention effect…

helped me with porting these data from the tilt sensor into their DynaTIm data sorter. Which could handle the data flow and maintain a graphic user visual towards the parameters. For comparison we also connected the tree to a DynaTIm sensor from RinnTech. This process yielded us with some amazingly accurate values to the degree of 10000th. Even though the millisecond part of the code was a software oriented one and had minor calibration issues, our sensors worked just fine. They were actually…

Group decision-making has become a highly complex process due to a group is made up of various people. However, gaining an effective and successful group decision is a core of a group. Therefore, understanding the components of decision-making is crucial for a group. To be specific, who is chosen to participate in group decision-making, brainstorm and indicate the dissimilar solutions, group cooperation as well as how to collect information, all of these essential parts are involved in this…

In the report, Sea Level Rise Adaptation Primer, commissioned by the British Columbia Ministry of the Environment, there are four different adaptation strategies for decision making and 21 adaptation tools, include aspects such as planning and regulating (“Sea Level Rise Adaptation”, 2013). These four adaptation strategies are: protect, accommodate, retreat, and avoid. These strategies work on protecting people, property, and infrastructure (ibid). As well as being able to continue occupation…

Lesson 4 Management Exercise Making decisions, especially decisions associated with business or management, can be very stressful and time consuming. There is rarely the one perfect solution that fully satisfies all parties or elements of a problem, yet utilizing rational decision making through the six key steps can reduce manager workload, and yield the best possible decision for any number of problems. Chuck Williams writes "Decision making is the process of choosing a solution from…

Optimal Foraging Strategies of Camponotus pennsylvanicus Hypothesis 1.) Ants prefer food sources of a higher quality rather than of a lower quality. 2.) Ants are sensitive to foraging gains and predation risks. Predictions 1.) Ants will prefer to forage for sugar water that is highly concentrated rather than water that is less concentrated. 2.) Ants will prefer to forage close to their home net site rather than farther away from their home nest site. 3.) Ants will balance the trade-off…

When an elderly Eskimo man was asked how he would summarize his life in a few words he stated “Willow smoke and dogs’ tails; when we camp it is all willow smoke and when we move all you see is dogs’ tails wagging in front of you. Eskimo life is half of each.” This article by Lewis R. Binford focuses on the hunter-gatherer system of a mobile man pursing food, shelter and satisfaction. The author starts off the article by quoting the words of an Eskimo man who which Binford a life that has now…

sometimes be very complex situations where the decision and individual makes could have a negative effect on either party, depending on which decision you choose. I believe that every person has the intention of doing the right thing but in some cases there is not a right choice and one or both sides of the situation could have negative consequences. For example lets take four individuals in a college setting, three guys and one girl. The guy’s names are Mark, Jake, and Andrew, and the girls…

The opening words of his book, “Life is a series of decisions” (Dr. Kent Ingle, 2013), accurately describes his view. Dr. Kent Ingle quickly denounces the idea that on should find themselves in a routine; he believes that God always opens new doors, even if they don’t seem to line up with what appeared to be the path. These doors, according to Dr. Kent Ingle, are God’s way of providing a call to adventure. With these calls, one has two options: they can say yes to the call or they can deny the…